United Kingdom Producer Price Index Input (MoM) June -1.3% Vs. -0.3% Est.; -1.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The United Kingdom's Producer Price Index Input for June has decreased by 1.3%, which is more than the estimated decrease of 0.3%. The previous month's decrease was 1.2%.
July 19, 2023 | 6:03 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may be impacted by the larger than expected decrease in the UK's Producer Price Index Input for June.
The Producer Price Index Input is a key economic indicator that can influence the performance of the country's stock market. A larger than expected decrease may signal a slowing economy, which could negatively impact the performance of the EWU ETF, which tracks the UK stock market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80